What the hell are you talking about you nutter? You didn't call short 6 points from the top! You called it two points from the top! Yes, 2 points! On 9/3, when you posted that 1025 would be the high -- at 5.51pm -- the market had already put in a high of 1029. 2 points off the top, and in the face of everybody's dire warnings not to short into this market and you, ya son of a gun, you pull it off! What - a - call! Romeo, you are first place entertainment and a (for now) red hot prognosticator!
Thank you alfonso. I better come up with a new call soon. We live in a "what did you do for me lately" type world.
I believe the top was 1032, and there will be no strong rally end of next week. If there is any rally, it certainly will not take out the 1032 high. Your analysis is quite interesting , though, and I will remember what you said. I respect your opinion.
Excellent post! I've been banned here at least 10 times. Banning me has proven to be totally counterproductive b/c I always come back even more frisky. I've never been one to allow power hungry people to get the best of me. BTW, I never have 2 handles at the same time. I'm no mr monkey/alice. I always post under one handle, and if that handle gets banned, then I come back under a different single handle. If Romeo gets banned, I will not come back, though. I'm really only hanging around now b/c I like Inandlong, and respect ET'ers like Pabst and Alfonso.
The S&P is at 1018, and the high is 1032. I bet there are some of you out there who think the S&P will go higher than 1032. Please speak up. Thank you.
Romeo, (I am a swing trader - a couple days to a couple weeks) I too agree, I went all cash on Thursdays rally to protect profits, the volume on was not convincing, and in my opinion, was confirmed with Fridays trading down all day with only a late day burst of short covering. My trading systems, charts, indicators all tell me sideways to down for the Market indexes over the next while. I even dug out the Fib's tool to look for retracement points on the indexes for this latest March to September rally. With options expiration next Friday we can expect volitlity, but no new high in my opinion...
Count me in for new highs. If not by the end of the week then early the week of the 22nd. After some expansion above 1030 I think early Oct. will be gruesome on the downside. BTW Bro, How about Part 2ing this thread with a new poll! Inandlong will be cool about closing this and putting up a new one.